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    SGD to AUD 2024 Forecasts

    Analysis of recent Singapore dollar → Aussie forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Singapore dollar to Australian dollar performance and trends.

     

    Forecasts for SGD to AUD

     

    Recent exchange rate forecasts for the SGD to AUD pair suggest a potential range-bound movement in the near term. The SGD started May on a weak note against the USD due to rising US treasury yields, while the AUD saw some strength following Australia’s federal budget announcement. FX analysts anticipate that the SGD might find support if US inflation remains high, and the MAS maintains its monetary policy stance. On the other hand, the AUD's direction will likely depend on domestic economic data, global rates, and risk sentiment in the markets.

    The current SGD to AUD exchange rate at 1.1122 is slightly below its 3-month average, indicating a stable range of trading. The SGD has faced pressure against the AUD as well as the USD, with analysts closely monitoring the US inflation levels and Federal Reserve signals. Meanwhile, the AUD's value is strongly influenced by global growth prospects and commodity prices. While some forecasters believe the AUD could face downward pressure due to anticipated delays in US interest rate cuts, others suggest that an improvement in risk appetite globally could lead to AUD strengthening as the year progresses.

    In summary, the future movement of the SGD to AUD pair will likely be determined by a combination of factors including US economic indicators, monetary policy decisions by central banks, and global market sentiment. Traders and businesses involved in SGD to AUD transactions should continue to track these developments for potential opportunities to optimize their foreign exchange dealings.

     
    @bestfxrates : 📈 SGD to AUD range-bound forecasted amidst mixed signals. At 1.1122, it holds below the 3-month average. The SGD struggles with US yield surge, while AUD benefited from budget optimism. Eyes on US inflation & MAS policy for SGD lift. AUD hinges on econ data & global sentiment. #ForexUpdate

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    SGD to AUD Market Data

    Singapore dollar (SGD) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 SGD =
    1.1086We compare provider deals to this wholesale mid-market rate. Read more
    AUD
    -0.3%
    3M
    SGD to AUD is at 90-day lows near 1.1086, 2.0% below its 3-month average of 1.1316, having traded in a very stable 3.3% range from 1.1086 to 1.1451
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    Compare & Save - Singapore dollar to Australian dollar

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to Australian dollar (AUD) rates from different sources before making a conversion.

    Use our SGD to AUD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Singapore dollar to Aussie currency rates and the possible savings of using various providers.

     
    DateSGD/AUDChangePeriod
    03 May 2024
    1.1227
    1.3% 2 Week
    17 Feb 2024
    1.1343
    2.3% 3 Month
    18 May 2023
    1.1194
    1% 1 Year
    19 May 2019
    1.0524
    5.3% 5 Year
    20 May 2014
    0.8641
    28.3% 10 Year
    22 May 2004
    0.8307
    33.5% 20 Year
    SGD/AUD historic rates & change to 17-May-2024
     

    Will the Singapore dollar rise against the Australian dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add SGD/AUD to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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    Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.

     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more